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The folly of EU structural funds illustrated

A couple of rather disturbing examples of why the EU's structural funds so badly and desperately need reform. The list seemingly never runs dry.First, the Sunday Telegraph had a feature on Madeira’s economy, claiming that grants from the EU structural funds – which require match funding from local governments or business – have contributed to the local Madeiran administration now owing over €6 billion, nearly double the per capita public debt of mainland Portugal.
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FTSE 100 businesses give EU reform and renegotiation a big boost

News / International Affairs : Open Europe (yesterday)

Whenever EU reform and renegotiation are being debated, one of the most powerful claims made by the status-quo side is that it would generate uncertainty which would be bad for business. Well today's FT reports that according to a s... Read Post

Guest Post: Why Reforms Won't Work

Business & Finance : Zero Hedge (last year)

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Regardless of the need for reform, it isn't going to happen for these structural reasons. The list of public/private institutions that desperately need structural reform is long: t... Read Post

Cyprus mulls early EU structural funds

Business & Finance : Business Report (last year)

Cyprus is considering putting EU structural funds to earlier use to help its stricken economy. ||| Dublin - Cyprus is considering putting EU structural funds to earlier use to help its stricken economy but is not asking for a bigger... Read Post


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